According to PANews on May 12, according to Lookonchain monitoring, the whale with the account number starting with 0x5D2F opened a short position of Bitcoin worth US$44 million with a leverage of 40 times, and its liquidation price was US$112,660.

According to previous news, "Hyperliquid 50x Whale" (address starts with 0x51d9) shorted BTC again at a high multiple after 35 days, shorting 888.8 BTC (about 92.93 million US dollars) at 40x, with an opening price of 104,094 US dollars and a liquidation price of 105,689 US dollars.